You can see how the market's holding up over all key moving averages, and it's trying to move to the right-hand side after spending five days in a row over the upper Bollinger Band.
How do you deny that the gold market's on a tear? It's up 3.63%, $80 for the week as I said it began a vertical run and once it began if you weren't in and positioned, you missed this swing of the play.
As the collapse of US fiat versus gold intensifies in the coming decade, millions of Americans will realise the gravity of their error, and begin to focus on gold.
Gold supply’s tonnage has increased +23% for which we rightly account in the above Scoreboard valuation of 3719, but the U.S. liquid money supply (“M2”) has far more overwhelmingly increased +147%.
It's over the 18-day average; big support is now at the $2200 level in the marketplace, and the market did get over and has stayed over three days in a row over the upper Bollinger Band.
The Gold Indices/Gold ratio is approaching all-time lows, while gold is breaking to all-time new highs! We believe the upcoming gold stock/indices rally will be of “biblical scale”… and is now getting underway!
With the now record run to close at $2,238 this past week, support can be seen down to around $2,160. Below that a fall to $2,100 is possible. Ultimate support is now at $2,000.
